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Martinez Installations Company Uses the Direct Method to Prepare Its

Question 96

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Martinez Installations Company uses the direct method to prepare its statement of cash flows.Martinez has reported sales revenues of $200,000 on its income statement for 2017.If the balance in Accounts Receivable has increased by $10,000 during the year,then $10,000 needs to be added to $200,000 to calculate collections from customers.

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